Mitsubishi UFJ Asset Management Co. Ltd. Sells 15,930 Shares of Inter & Co. Inc. $INTR

Mitsubishi UFJ Asset Management Co. Ltd. lessened its stake in Inter & Co. Inc. (NASDAQ:INTR) by 40.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,447 shares of the company’s stock after selling 15,930 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Inter & Co. Inc. were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Summit Securities Group LLC boosted its holdings in shares of Inter & Co. Inc. by 1,375.1% in the 1st quarter. Summit Securities Group LLC now owns 9,072 shares of the company’s stock valued at $50,000 after buying an additional 8,457 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in Inter & Co. Inc. during the first quarter valued at approximately $110,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Inter & Co. Inc. in the second quarter valued at approximately $136,000. HighTower Advisors LLC grew its holdings in Inter & Co. Inc. by 72.8% in the first quarter. HighTower Advisors LLC now owns 25,419 shares of the company’s stock worth $139,000 after purchasing an additional 10,710 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in Inter & Co. Inc. by 42.0% in the first quarter. Teacher Retirement System of Texas now owns 36,581 shares of the company’s stock worth $200,000 after purchasing an additional 10,827 shares during the last quarter. 22.90% of the stock is owned by hedge funds and other institutional investors.

Inter & Co. Inc. Stock Performance

Shares of INTR opened at $9.22 on Friday. The stock has a 50-day moving average of $9.11 and a two-hundred day moving average of $7.92. Inter & Co. Inc. has a one year low of $3.88 and a one year high of $10.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market cap of $4.05 billion, a P/E ratio of 18.82, a P/E/G ratio of 0.45 and a beta of 1.13.

Inter & Co. Inc. (NASDAQ:INTR) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Inter & Co. Inc. had a return on equity of 12.91% and a net margin of 12.46%.The business had revenue of $396.89 million for the quarter, compared to analyst estimates of $2.14 billion. As a group, research analysts predict that Inter & Co. Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on INTR shares. UBS Group increased their price objective on Inter & Co. Inc. from $9.20 to $10.50 and gave the company a “buy” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Inter & Co. Inc. in a research note on Thursday. Finally, The Goldman Sachs Group boosted their price target on Inter & Co. Inc. from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.90.

Inter & Co. Inc. Profile

Inter & Co, Inc Is a holding company, which engages in the provision of financial products and services. It operates through the following segments: Banking, Securities, Insurance Brokerage, Marketplace, Asset Management, Service, and Other. The Banking segment offers checking accounts cards, deposits, loans and advances, and other services through mobile application.